173 Danforth Avenue, Toronto, ON M4K 1N2
Premier investment property in the heart of Toronto's vibrant Danforth Avenue. This rarely available, fully leased mixed use commercial building offers stable income in one of the city's most established and highly sought after neighbourhoods. Situated on a prominent stretch of Danforth with exceptional pedestrian traffic and outstanding visibility, the property is just steps from Broadview Subway Station, minutes to the Don Valley Parkway, and offers quick access to downtown Toronto. The ground floor is occupied by a long established and well regarded bakery that has been serving the local community for well over a decade, providing a strong and dependable retail presence. The fully occupied second floor space (Law Office) has been recently renovated with new skylights, updated flooring, renovated washrooms, and an upgraded HVAC system. Rear parking adds further value and convenience for tenants. This is an outstanding opportunity for investors seeking a turnkey, income producing asset in a high demand location with excellent transit connectivity, a thriving local business community, and strong long term investment potential.
- MLS number
- E13596554
- Type
- Store W Apt/Office
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- M4K 1N2
- Photos
- 18
- Property tax
- $28,903 / year
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Store W Apt/Office
- Class
- Commercial
- Community
- North Riverdale
- Municipality
- Toronto E01
- Cross street
- Danforth & Broadview Ave
- Zoning
- Commercial
Parking
- Garage
- Outside/Surface
- Driveway spaces
- 4
Land
- Lot
- 18.91 × 121 feet
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Cooling
- Partial
- Water
- Municipal
- Sewer
- Sanitary+Storm
Listing
- MLS number
- E13596554
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-23
- Expires
- 2026-12-15
- Taxes
- $28,903 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Montcrest School | Elementary | 273 m | Not reported |
| Passage Centre | Elementary and secondary | 255 m | Not reported |
| CALC Secondary School Toronto DSB | Secondary | 292 m | Not reported |
| Jackman Avenue Junior Public School Toronto DSB | Elementary | 525 m | / 10 79% met the standard |
| Frankland Community School Junior Toronto DSB | Elementary | 509 m | / 10 87% met the standard |
| Quest Alternative School Senior Toronto DSB | Elementary | 749 m | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 448 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35204559 — the few blocks around this address, home to 448 people. It describes the area, not this property.
Percentages are of the 305 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 7 still in progress.
Official Plan & Zoning By-law Amendment for a 26-storey mixed-use building. The proposal will include 309 residential units, retail at grade and restore the historical Chester Public School.…
City planning file →The Application proposes the redevelopment of the site by demolishing the existing rental apartment building on the subject site, which contains six rental dwelling units, and constructing a six storey, mixed use building containing of 20 residential units, 47…
City planning file →Site Plan Approval for a 9-storey mixed-use building having a non-residential gross floor area of 541.83 square metres, and a residential gross floor area of 6429.78 square metres.…
City planning file →Site Plan approval application to permit the construction of a 26 storey mixed use building with a 4 storey component extending to the rear of the property.…
City planning file →Official Plan and Zoning By-law Amendment to fa ciliate the development of the site for a 35-storey tower including a 7-storey podium base building, having a non-residential gross floor area of 2090.5 square metres, and a residential gross floor area of 38,035…
City planning file →Proposal for a 3-storey addition atop an existing 3-storey non-residential building, as well as a rear 4-storey addition to the building.…
City planning file →Draft Plan of Standard Condominium for a 6-storey mixed use building with a retail ground floor, 33 residential units and 2 levels of underground parking.
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.